BlockBeats news, on December 23, Chinese encryption analyst Banmuxia published an article stating, “Bitcoin has reached a point where it is no longer a very good opportunity to go long. The liquidity logic for the medium term has also been weakened by the recent continuous ETF dumping. This is not the best opportunity to go long, but it does not mean there won't be a rise later; the risks are just increasing. During the adjustment phase, if the opportunity is not very high probability, there is no need to participate, just continue to observe the market's complex consolidation.”
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Banmu Xia: Stop being bullish, the market will continue to consolidate in complexity.
BlockBeats news, on December 23, Chinese encryption analyst Banmuxia published an article stating, “Bitcoin has reached a point where it is no longer a very good opportunity to go long. The liquidity logic for the medium term has also been weakened by the recent continuous ETF dumping. This is not the best opportunity to go long, but it does not mean there won't be a rise later; the risks are just increasing. During the adjustment phase, if the opportunity is not very high probability, there is no need to participate, just continue to observe the market's complex consolidation.”